ewave88
做多

Short term potential 3rd of 3rd wave rally to 111.00

FX:USDJPY   美元/日元
71 1 2
In my last posting on USDJPY             a few days ago, I had counted that 105.55 could be the end of the major correction from 125.70. If true, then 105.55 would be a major bottom from which a big, long term rally would begin.

The price action and chart pattern after 105.55 have been supportive of my wave count. This is especially so last Friday, when USDJPY             only dip to 106.40 after a weaker than expected US nonfarm payrolls number, and promptly closed at 107.10. Now it has even broken above the short term resistance/neckline of 107.50. So from 105.55, wave count waves<1><2><3><4><5> up. Wave<3> consists of waves-I-ii-iii-iv-v. If my count is correct, USDJPY             is on wave-iii of wave<3> now, targeting 110.80-111.00 within these few days. A break below 106.40 negates my bullish call and I'll have to re-count.

Interesting, there was an article yesterday which talked about the "Soros Chart" on JPY, which Soros used to predict the huge rally in USDJPY             in the 1990s. An expanding monetary base in Japan is enough to vastly weaken the JPY.

http://www.bloomberg.com/news/articles/2016-05-08/soros-chart-signals-boj-bond-buying-already-enough-to-weaken-yen
This is a short term update to the views above. After my posting, USDJPY rallied to a high of 109.38 and then retraced down to 108.23 so far today. This is the 38.2% retracement of the 106.45-109.38 rally. The pattern of this dip from 109.38 is corrective and there is a FALLING WEDGE pattern from 108.83-108.23 (evident in 5min and 15min charts). As such, I believe USDJPY has finished its short term correction and is now poised for the next rally to 110.00 within the next 2 days.
回复
简体
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
繁體
首页 股票筛选器 外汇信号搜索器 加密货币信号搜索器 财经日历 如何运作 图表功能 网站规则 版主 网站 & 经纪商解决方案 组件 图表库 功能请求 博客 & 新闻 常见问题 帮助 & 维基 Twitter
个人资料 个人资料设置 账号和账单 我的支持标签 优先服务 联系支持 已发表观点 粉丝 正在关注 私人消息 聊天 退出